Skip To Main Content

Financial Lines

We are a world-leading Financial Lines insurer delivering outstanding protection including Management Liability (Directors & Officers Liability, Employment Practices Liability, Public Offering of Securities, Pension Trustee Liability), Professional Indemnity (PI), Crime, Cyber, Crisis Solutions and M&A, to businesses and financial institutions of all sizes.

Why Choose AIG for Financial Lines?

We have decades of Financial Lines underwriting experience and have handled many thousands of D&O, PI and Cyber claims for clients of all sizes across business sectors.  We have the experience and resources to stay ahead of these volatile and rapidly evolving exposures facing public companies, private and non-profit organisations, and financial institutions. 

Quick Links

The AIG Advantage

Where we can help

Our Financial Lines products are designed for private and public businesses and organisations of all sizes from SMEs to Multinationals in all business sectors.

Safe hands when you need us

AIG is a world leading D&O, Cyber, PI and M&A insurer and handles thousands of claims every year. Whatever kind of Financial Lines claim clients face, we have probably seen something similar before, so clients and their brokers are in safe experienced hands when they need us most.

Global expertise

Our deep Financial Lines expertise runs throughout AIG’s extensive global network. This means we can issue best class local policy wordings for clients with overseas and multinational exposures, and service their claims needs with local claims teams.

AIG Financial Lines Solutions

Please note product availability and names may vary by country – please consult your local AIG website or contact your local AIG team for more information.

Actions against directors and officers for “wrongful acts” can have a devastating impact involving huge sums, intense questioning, many months of uncertainty – even loss of personal liberty. With AIG D&O product, directors and officers can maximise their protection against regulatory and political scrutiny, personal exposures, challenging economic environments, shareholder activism and more.

Our D&O offering is the strongest we have ever produced. It's built on our longevity in the sector, our global franchise, our technical expertise and our experience handling more claims against directors than anyone else in the industry. 

Our latest extension to AIG’s Directors & Officers Liability insurance policies across EMEA (except Israel), providing an instant response for our clients’ SME businesses, delivering vital support against security events such as civil commotion, street violence & sabotage and helping them mitigate the impact and manage such events while returning their business to normal operations as soon as possible.

Our flagship management liability package for private companies, partnerships and not-for-profit organisations with D&O protections for individuals and companies.  PrivateEdge also protects the business itself with optional covers for Employment Practices Liability, Crime and Pension Trustee and Employee Benefits Liability. 

AIG insurance solutions ensures that directors, managers and other individuals who may get embroiled in employment actions, receive expert preparation and defence against a wide range of alleged employment practice violations (unlawful employment-related discrimination, harassment of any kind, employment-related libel, slander, defamation, invasion of privacy, wrongful deprivation of career opportunities, etc.).

 

Cover includes:

  • The company, and all employees including seasonal and temporary workers
  • Broad definition of employment practice violation
  • Outside directorship cover
  • Automatic cover for new subsidiaries within the asset threshold excluding those domiciled in North America)
  • Legal fees and expenses for any official investigation by any regulator, government body, government agency or official trade body including Equal Employment Opportunity Commission (USA)
  • Advancement of defence costs
  • North America exposure (subject to conditions)

Main exclusions:

  • Circumstances existing prior to the continuity date
  • Conduct
  • Collective bargaining
  • Employment related benefits (as defined)
  • Redundancy payments
  • Employee Retirement Income Security Act 1974 (USA) and other similar provisions of the law of any jurisdiction
  • Cyber exclusion
  • BIPA exclusion for policies covering US employees

AIG Public Offering of Securities Insurance (POSI) policy offers protection against some of the risks of ‘going public’, for every party involved in the transaction and for the length of time those exposures can last. This product could be of benefit to companies of any size who are thinking of, or are in the process of, listing on a stock market and with our worldwide capabilities we can issue POSI protection from any country within our extensive global network.

 

Cover includes:

  • Liabilities relating to a prospectus/listing particulars
  • Liabilities arising from statements or information provided in connection with the offering including statements made in any road shows
  • Advancement of defence costs
  • Non-rescindable policy unless there has been any fraudulent misrepresentation or fraudulent non-disclosure by any insured
  • Automatic cover for follow-on offerings made and raising an amount of up to a certain value of the initial offering.

AIG has been a pioneer in cyber insurance since 1999, when we launched one of the industry’s first cyber security insurance protection programs. We’ve been helping clients navigate this rapidly growing area of risk ever since.

Pension Trustee Liability is suitable for any company operating an occupational pension plan as well as company or employee benefit plans. It covers defence costs, awards and damages of trustees and individuals administering a pension scheme or any employee benefit or welfare plan.  It also covers the Company for risks assumed via indemnities and exoneration clauses.

 

Cover includes:

  • Contribution notices against individual insured person
  • Spouse or domestic partner of insured person
  • Cover for acquired or newly created plans within threshold
  • Cover for loss of documents (sublimited)
  • Investigation costs in connection with preparing for and attending an investigation
  • Optional cover available for ERISA plans
  • Discovery period for retired trustees in the event of non-renewal
  • Emergency defence costs up to a certain percentage of the limit of liability available if insurer’s consent is unavailable

Comprehensive crime cover for mid to large sized companies including cover for employee fraud, dishonesty and fraudulent acts committed by third parties, provided at least one other profitable Financial Lines product is underwritten with AIG.

 

Cover includes:

  • Employee fraud and dishonesty, and specified fraudulent acts by third parties
  • Money, securities and property under insured’s custody and control (including those belonging to third parties for which the Insured is responsible, sublimited)
  • Retroactive cover available
  • Includes all associated and subsidiary companies of the insured.
  • Fees, costs and expenses (sublimited)

AIG offers a range of specialist products designed to meet the needs of core financial sector activities.

Also known as Professional Liability: Primary and excess cover for liability exposures such as errors and omissions faced by professionals in a variety of industries.

AIG’s Crisis Solutions provides organisations and their people with insurance for kidnap, extortion and similar events with world class crisis consultants guaranteeing immediate expert support.

AIG’s Crisis Complete provides immediate access to world class security experts 24/7 before and after a covered event. It integrates into an organisation’s risk management program allowing gaps in the risk register to be identified and mitigated.

Crisis Complete is a bespoke product, built following depth conversations between insurer, broker and client, offering wide cover across over 50 insured perils. It responds not only to actual events, but also to the likelihood or suspicion that an event may occur and, in this way, offers clients’ security teams extended capacity at critical moments. 

M&A insurance is a highly specialised field of cover that facilitates the smooth running of the M&A process. It does so by transferring certain potential risks of the transaction (whether already foreseen or which may surface at a later date) to an insurance policy.

Our Financial Lines Team

Contact your local AIG team to learn more about our Financial Lines offering.

Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. Anyone interested in the above product(s) should request a copy of the standard form of policy for a description of the scope and limitations of coverage.

Related Content

Risk Solutions

Learn More

About Us

Learn More

Contact Us

Learn More